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people say, how do we compete with china? we can have the entire world at our disposal and start businesses. we do it by allowing the best people in the world to come to the united states and start businesses -- letting them come and then stay. then we have to focus on tax and the corporate tax reform to get a system that is simpler and makes it easier for businesses to compete in the world. that will be enormous. there is an infrastructure investment that needs to be made. this is important with the budget deal going forward. we have to think about what our values are. we can spend money on infrastructure to make investments in the future rather than having short-term spending. support for basic research and for higher education, as drew talked about. tell us what is and we can plan around it with respect to health care costs and energy costs. then it businesses can create a renaissance of american competitiveness. >> i think that is a brilliant agenda. i don't think that has changed. let's assume we go through the fiscal cl
people say, how do we compete with china? we can have the entire world at our disposal and start businesses. we do it by allowing the best people in the world to come to the united states and start businesses -- letting them come and then stay. then we have to focus on tax and the corporate tax reform to get a system that is simpler and makes it easier for businesses to compete in the world. that will be enormous. there is an infrastructure investment that needs to be made. this is important...
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Dec 11, 2012
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$16 trillion of debt, nearly 11, about 5 trillion to the foreign government, most of it to japan and china were funds with in those countries. it's something like $3 trillion the government does in the national security trust fund and those have to be paid back in the general revenues. much of this deficit and debt was accumulated during the period of prosperity. relief from the 60's. we've only had to balance the budget since 1969. bill clinton had won in 1990 and lyndon johnson had one in 1969. i believe johnson was able to achieve ten because of the basic fiscal year. [laughter] typical of johnson in the fiscal year to october 1st or september 30 of which then enabled him to balance the budget, so clinton who did it legitimately i think. but in other words, the idea is we would run up the deficit when you have islam, large deficits when you have a slump, it would run at medium-size deficits in the times of prosperity. the u.s. government spending $3.6 trillion this year one-third of it is borrowed. since 2001 federal spending has gone up roughly twice the rate of economic growth. intere
$16 trillion of debt, nearly 11, about 5 trillion to the foreign government, most of it to japan and china were funds with in those countries. it's something like $3 trillion the government does in the national security trust fund and those have to be paid back in the general revenues. much of this deficit and debt was accumulated during the period of prosperity. relief from the 60's. we've only had to balance the budget since 1969. bill clinton had won in 1990 and lyndon johnson had one in...
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Dec 11, 2012
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a piece that relates to technology companies, a lot of people say how are we going to compete with china with 1.3 billion people? the answer is we can have the entire world at our disposal by creating conditions that the best people in the wormed can come to the united states and study. >> and stay and start businesses. >> two, then we have to focus on faction, particularly the corporate tax reform, to get a system which is simpler and promotes efficiency and makes it easier for businesses to compete if the world. third, then we have to -- that will create -- that will be enormous. third, then there is a infrastructure investment that needs to be made. this is very important because in the context of the kiped of budget deal we'll get where we'll spend less going forward as businesses, we have to think about what our values are with respect to what we'll spend money on. the most important things we can spend money on is infrastructure to again create -- make investments in the future rather than just short-term spending. and then twin that with important support for research, basic resea
a piece that relates to technology companies, a lot of people say how are we going to compete with china with 1.3 billion people? the answer is we can have the entire world at our disposal by creating conditions that the best people in the wormed can come to the united states and study. >> and stay and start businesses. >> two, then we have to focus on faction, particularly the corporate tax reform, to get a system which is simpler and promotes efficiency and makes it easier for...
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Dec 11, 2012
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, not to give our business to china. that's a constant tension. we have a lot of companies that want to be active and integrate with chinese companies. in every one of three cars on our road, they have a part. in terms of the committee, foreign investment in the u.s., the arm of the treasury making this decision, a source told me following this closely told me they will be coming up with their decision within the next week, and if there's red flags they'll take a second review that will last 45 days. it's up to the obama administration and they're going to take a look a lot of heat about where the stimulus dollars went, why the company failed, and why we actually let companies come in owned by the chinese and rescue ailing companies when we need the jobs like you said here. >> there was an american company wanting to buy it, to keep the technology here at home where we need it. a.b., do you remember the first time we heard about this committee? >> oh, no. >> january of 2006. >> oh, yeah. that's so long ago, i don't even
, not to give our business to china. that's a constant tension. we have a lot of companies that want to be active and integrate with chinese companies. in every one of three cars on our road, they have a part. in terms of the committee, foreign investment in the u.s., the arm of the treasury making this decision, a source told me following this closely told me they will be coming up with their decision within the next week, and if there's red flags they'll take a second review that will last 45...
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Dec 11, 2012
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developed enough revenue because of our import taxes are so much smaller than those of countries like china. and in turn today -- 8 report was done on comparative tax, and they support 20% of their federal government through import taxes. why is it that we feel we cannot compete with a country that is taxing us heavily on our imports, yet when they export to our country we have just 1.9% next that is ridiculous. it is not a level playing field -- 1.9%? that is ridiculous. that is not a level playing field. an in tern in indiana did this research. guest: there is the risk of a trade war, a violation of the world trade organization pact. a lot of the big box stores rely on inexpensive imports. so it would be a trade-off. it would have an impact on the prices. host: winchester, ohio. thomas is an independent. caller: thanks for taking my call. i watch c-span all the time. i'm curious why this continuation of the republican versus democrat bashing goes on when there is such an important issue that needs to be taken care of in this country. why is there not a federal sales tax to take care of so
developed enough revenue because of our import taxes are so much smaller than those of countries like china. and in turn today -- 8 report was done on comparative tax, and they support 20% of their federal government through import taxes. why is it that we feel we cannot compete with a country that is taxing us heavily on our imports, yet when they export to our country we have just 1.9% next that is ridiculous. it is not a level playing field -- 1.9%? that is ridiculous. that is not a level...
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Dec 11, 2012
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you can see the history of china reflected in much of the work. you can see conflicts with western culture and eastern culture. you can see critiques sometimes of the chinese government or of other governments as well. power in general. >> brown: often you can see a provocation. as in one of his most famous works dropping a haung dynasty un, three photographs showing the destruction of a 2,000 cultural relic. >> one of the things i think cease saying is sometimes it's necessary to destroy the old before you can move forward with the new. and also by destroying something know is important, it suddenly makes you have to think about the value of things. what are they worth? who says they're valuable? >> brown: he returned to china in 1993 and became part of the country's cultural elite eventually tapped by the government to collaborate with a swiss architectural firm to design the 2008 olympic stadium. photos are on the floors and walls of the exhibition but he grew critical of the communist party's attempt to control the event. his biggest confronta
you can see the history of china reflected in much of the work. you can see conflicts with western culture and eastern culture. you can see critiques sometimes of the chinese government or of other governments as well. power in general. >> brown: often you can see a provocation. as in one of his most famous works dropping a haung dynasty un, three photographs showing the destruction of a 2,000 cultural relic. >> one of the things i think cease saying is sometimes it's necessary to...
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Dec 11, 2012
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china's demand. keep in mind china does not want to see destabilization of the reason nor does it want a tightening of sanctions or war in an already impoverished country which might lead to refugees streaming into their next door neighbor, china. >>> iran claims it decoded all of the data from a stealth cia spy drone it recovered last year, all of it. the revolutionary guard general claims the drone did not carry out missions before it went down near iran's border with afghanistan. iran claims it took control of the drone and brought it down, but it's still unclear whether iran's military actually captured it or if it simply crash landed somewhere in iranian territory. last week the iranians claims they captured another u.s. spy drone. the navy reports it's not currently missing any drones, so that would not stand to reason. >>> crowds of people saw somebody commit a murder in manhattan today, midday, on a busy sidewalk about a block from the famous carnegie hall and right outside a school building.
china's demand. keep in mind china does not want to see destabilization of the reason nor does it want a tightening of sanctions or war in an already impoverished country which might lead to refugees streaming into their next door neighbor, china. >>> iran claims it decoded all of the data from a stealth cia spy drone it recovered last year, all of it. the revolutionary guard general claims the drone did not carry out missions before it went down near iran's border with afghanistan....
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growth is excellent in china. surprisingly relative to the rest of the world last six or nine months china has done pretty well. it has a higher risk profile than average but it is cheaper than the average country. look at it through the four, we like china. ashley: austria. what do they do in austria? >> they do a lot of different stuff. that market is not dominated by financials like the other markets in the world. so the fundamentals are great. the austrian market is the fourth best mar market in the country we follow the last 12 months. the only tough time is in the evaluation area. ashley: chile, taiwan, italy. not so great. >> unfortunately for chile, doesn't have anything going on for it. the third most expensive country to follow, high risk, no momentum, unfortunate for them. italy cheap, everything else is a disaster. taiwan less risky, poor evaluations, poor momentum, poor fundamentals. ashley: appreciated, thank you for being here. tracy: everything isn't a disaster. they are lovers. it is all you need.
growth is excellent in china. surprisingly relative to the rest of the world last six or nine months china has done pretty well. it has a higher risk profile than average but it is cheaper than the average country. look at it through the four, we like china. ashley: austria. what do they do in austria? >> they do a lot of different stuff. that market is not dominated by financials like the other markets in the world. so the fundamentals are great. the austrian market is the fourth best...
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Dec 11, 2012
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the company would prefer to go to china and a somebody $2 a day or whatever. these right-to-work states are full of temporary jobs agencies with contracts. the stamp services -- these temporary services are making money and paying people a fraction. we need to let politicians go to a temporary service and give them half of what they are making and make them see how we feel. people working for small amounts of money at temp services. ynette.ow to panetta, conwalive caller: they call it a right-to- work states, but i guess the language got changed, because it used to be a free will state. the employers without unions had the right to fire you for anything, any reason or no reason at all, and you had no recourse. so i still believe in unions and i still believe the people should have a right to join or not. host: this tweet -- are you with us? caller: i am. host: higher wages of less jobs in the state's. caller: yes, but most of the jobs in this area, in the myrtle beach area, those are minimum- wage jobs, where i live. if we are talking about the unions giving t
the company would prefer to go to china and a somebody $2 a day or whatever. these right-to-work states are full of temporary jobs agencies with contracts. the stamp services -- these temporary services are making money and paying people a fraction. we need to let politicians go to a temporary service and give them half of what they are making and make them see how we feel. people working for small amounts of money at temp services. ynette.ow to panetta, conwalive caller: they call it a...
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Dec 11, 2012
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by 2030, just 17 years from now, china will likely have passed the u.s. to become the world's largest economy. the report says that overall, asia will top north america and europe with population, military spending and investing in technology. >> and one of the bright spots for the u.s., we are expected to become energy independent and the world's largest exporter by the year 2030. people talk about china and their booming economy over there, and this quantifies just how fast they are coming on. pretty amazing. >> the world's population is projected to rise to 8.3 billion from 7.1 billion. and demand for food will go up 35%, and demand for water, 40% more than current water supplies, making water a likely cause of regional conflict, particularly in south asia and the middle east. water and food. there's not going to be enough for us. >> what a bright future. >>> this morning, the streets of cairo promise to be packed today with protests for the egyptian capital. two separate million-man marches are planned as supporters and opponents of president mohamed
by 2030, just 17 years from now, china will likely have passed the u.s. to become the world's largest economy. the report says that overall, asia will top north america and europe with population, military spending and investing in technology. >> and one of the bright spots for the u.s., we are expected to become energy independent and the world's largest exporter by the year 2030. people talk about china and their booming economy over there, and this quantifies just how fast they are...